Defense Technology Systems Subsidiary Signs Agreement with Ambital Solutions for Distribution of Proprietary RFID Solution in Israel; Company Continues to Expand RFID Product and Marketing Plan.HAUPPAUGE, N.Y. -- Defense Technology Systems, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DFTS DFTS Defence Fixed Telecommunications Service DFTS Directory File Transfer System (Owl Computing Technologies) DFTS Dual-Queue, Fifo, Timeout, Statistical TDM Scheme ) announced today that its proprietary suite of Radio Frequency Identification See RFID. (RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. ) products, software and services will be distributed in Israel by Ambital Solutions, an Israeli-based wireless technology systems integrator. DCI (Display Control Interface) An Intel/Microsoft programming interface for full-motion video and games in Windows. It allowed applications to take advantage of video accelerator features built into the display adapter. , a Defense Technology majority-owned subsidiary majority-owned subsidiary A firm in which more than 50% of outstanding voting stock is owned by the parent company. , entered into a distribution agreement with Ambital Solutions under which Ambital will include DCI's RFID products, software and services along with its own location-based applications on RFID, short range wireless (Wi-Fi and Bluetooth), cellular and GPS infrastructures. Defense Technology recently announced plans to release its RFID system called "RFID Foundry" by the end of the third quarter, 2005. The RFID Foundry is a complete sensor and RFID-based automatic sensing, identification and tracking system designed for commercial and military customers that require the rapid deployment of mission-critical positive identification and tracking capabilities. The RFID Foundry system utilizes off-the-shelf RFID readers and sensors with Sun Microsystems Sun Microsystems, Inc. (NASDAQ: JAVA[3]) is an American vendor of computers, computer components, computer software, and information-technology services, founded on 24 February 1982. RFID software embedded in DCI's RFID application software. "Ambital is providing solutions to a region with a substantial demand for the functionality our RFID products provide," commented Bud Maciekowicz, President of DCI. "We have spent a good deal of time in the region presenting our capabilities, developing business relationships, and building confidence that a significant demand exists for our products, software and services. We are confident that Ambital is the right partner for the region." Defense Technology Systems has recently implemented a revitalization re·vi·tal·ize tr.v. re·vi·tal·ized, re·vi·tal·iz·ing, re·vi·tal·iz·es To impart new life or vigor to: plans to revitalize inner-city neighborhoods; tried to revitalize a flagging economy. and redirection plan leveraging the Company's experience in providing digital communication infrastructure solutions to Fortune 1000 companies to expand into providing overall Homeland Security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States solutions to major metropolitan municipalities. To accelerate the plan, Defense Technology acquired a majority interest in DCI. Through this acquisition, Defense Technology has a trailing twelve month revenue run-rate of $5 million. Management plans to build a comprehensive Homeland Security product portfolio through an ongoing acquisition campaign geared to transform Defense Technology into a significant participant in the Homeland Security and Defense sectors. About Defense Technology Systems, Inc. : Defense Technology Systems, Inc. is an international provider of security solutions focused on the Homeland Security and Defense industries. The Company offers a broad portfolio of security-related products, including ballistic glass, video surveillance, infrastructure security and associated security systems. The Defense Systems team, working in collaboration with its partners, will design, develop, manufacture, install and market specialty products, equipment, and systems for the safety and security needs of all sectors of the domestic and international marketplace. In addition, DFTS recently acquired a majority interest in DCI Corporation (www.dci-corp.com), a leading edge technology company with over 15 years of experience in engineering specialized hardware and software solutions when commercial-off-the-shelf (COTS) products do not fulfill the critical requirements of enterprise, military or government organizations. DCI's experience has earned them the reputation as a respected Homeland Security solution provider with a broad portfolio of innovative proprietary technologies. This press release contains statements (such as projections regarding future performance) that are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. as defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission. For more information on Defense Technology Systems, Inc. visit: www.DefenseTechnologySystems.com |
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